Lot of repair work to be done going to see QQQ this week and how we do vs 518 area, can market similar spot on SPY into Thursdays resistance pretty much next spot I am looking at. If we lose Fridays lows this week expecting flush under 200sma at 490.70 which can put pressure on stocks. I know its important not to focus too much on the indices but you do need to know when market dynamics change and the breakout strategies of old do not work like they used to in the new climate.
BABA- want to see how 128 area holds if not can easily come down to 120 before finding a new base but definitely want to be where $$ is which is china
Other Chinese names of interest
LI
XPEV
FUTU
NVDA- gonna be using 128-130 guide for a short if we stay heavy think people got offsides into Friday close
Recent Earnings winners- If i am going to be getting long I mostly want names with recent catalysts and sound charts that arent completely broken here are a few im looking at for this week.
DASH
BROS
SNOW
BTC-Related
MSTR- i still am not convinced this rallies in a meaningful way, even if BTC does, even if the market does , what is the reason for leveraged BTC exposure here while BTC flirts with the 200sma and is in trouble. Its a heavily risk on asset and environment has changed so what is the reasoning for long MSTR ? In the short term fundamentals really do not matter but at some point they do and I think that point is right now. – looking to use 280 guide for short
SMST- dips vs 6.80 long this has been an amazing trade .
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